3 months on rocket

5005 Collins Ave Unit 523, Miami Beach, FL, 33140

$400,000

Home List Price

$4,750*

Closing Credit

1 Bedroom
1 Full Bath
938 SqFt
$426/SqFt
Condo
Schools Nearby

Location

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5005 Collins Ave Unit 523, Miami Beach$400,000

Buyer Closing Credits

$4,750*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Attached, Covered, Garage, One Space
Attached Garage1 space
Year Built1964
HeatingCentral
CoolingCentral Air
WaterfrontOcean Access, Ocean Front
ViewOcean
MLS #A11516562
StatusActive

About 5005 Collins Ave Unit 523

Solid OceanFront Investment on "Millionaires Row" easy to show, ensuring its structural integrity. It allows for rentals up to three times a year, providing flexibility & income. Assigned covered garage parking adds convenience and security. Air conditioning, cable, and internet included in maintenance. On-site amenities like a restaurant and beauty salon offer convenience and luxury. The presence of 24-hour security and valet services contributes to a safe and comfortable living environment. For recreation, residents can enjoy a swimming pool, gym, and barbecue area right on the beach. Controlled access for parking, beach access, and the lobby. Overall, this property offers a mix of investment potential and a luxurious beachfront lifestyle.

Property Details

Property Features

Property Information:

  • Year Built: 1964
  • Living Area: 938 SqFt

Listing Office:

  • Office Name: La Playa Properties Group Inc
  • Office Phone: (305) 672-0773
  • Listing Agent: Catherine Upegui

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Flooring Type: Tile
  • Interior: Bedroom on Main Level

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Waterfront: Ocean Access, Ocean Front
  • View: Ocean
  • Exterior: Balcony

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Assigned, Attached, Covered, Garage, One Space

Virtual/3D Tour

  • Virtual Tour: 5005 Collins Ave Unit 523

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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Miami Beach Senior High School, Public District Grades 9-12
  • Nautilus Middle School, Public District Grades 6-8
  • North Beach Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $400,000
  • Price Per SqFt: $426/SqFt

HOA Fees:

  • Amount: $1167
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Miami Beach, FL.

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Miami Beach, FL

City

Med. Sold Price

$590.2K

Med. Price/SqFt

$580

Avg. Days On Market

89

# of Sold Homes

163

5005 Collins Ave Unit 523 vs Miami Beach

105 DAYS ON ROCKET

+16 Days

$400,000

-$190.2K Less

$426/SqFt

-$155 Less

KEY TAKEAWAY

This property is $190.2K less than the Median Sold Price and $155/SqFt less than other homes in Miami Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11516562

Listing Office:

  • Office Name: La Playa Properties Group Inc
  • Office Phone: (305) 672-0773
  • Listing Agent: Catherine Upegui

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 2:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$3,231

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4766370
9
/10

  • North Beach Elementary School

  • 4100 Prairie Ave

  • 1.01 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4766371
5
/10

  • Nautilus Middle School

  • 4301 N Michigan Ave

  • 1.08 miles

  • Public District Grades 6-8

High School

school-card-donut-4766372
5
/10

  • Miami Beach Senior High School

  • 2231 Prairie Ave

  • 2.02 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $82,609. Residents of Miami Beach, FL typically earn between $35k-100k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5005 Collins Ave Unit 523

What is the listing price of this property?

The listing price of 5005 Collins Ave Unit 523 property is $400,000.

What type of property is this?

The property 5005 Collins Ave Unit 523 is a condo located in Miami Beach, Florida, 33140.

Is this property for sale now?

Active Listing: 5005 Collins Ave Unit 523 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5005 Collins Ave Unit 523 are:
North Beach Elementary School: GreatSchools Rating 9/10
Nautilus Middle School: GreatSchools Rating 5/10
Miami Beach Senior High School: GreatSchools Rating 5/10

How many bedrooms and bathrooms does this property have?

The property at 5005 Collins Ave Unit 523 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 5005 Collins Ave Unit 523 is 938 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5005 Collins Ave Unit 523 is 1964.

Rocket Homes›Florida›Miami-Dade County›Miami Beach›33140›5005 Collins Ave Unit 523

This home is located at 5005 Collins Ave Unit 523 in Miami Beach, FL and zip code 33140 in the Ocean Front neighborhood. This 938 square foot home was built in 1964. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since January 18, 2024 and is currently priced at $400,000.

Miami Beach, FL housing market in April 2024 saw over 8 listings sold above listed price, more than 15 sold at listed price and over 140 sold below. The inventory of homes for sale in Miami Beach, FL between March 2024 and April 2024 increased by 5.8%. While the average time on the market in April 2024 was 89 days, the median list price was $590,290.

From Rocket Homes Real Estate and based on county public records data.

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